The revenue of the global travel insurance market is predicted to be nearly eight times larger in 2030 than it was in 2021. Sized at approximately 14.3 billion U.S. dollars in 2021, the market is expected to reach the size of around 108.8 billion U.S. dollars by 2030, according to Next Move Strategic Consulting. The source attributed this to an outlook that vaccinations, growing business travels, and the availability of online booking sites will lead to the global travel industry to recover from the coronavirus pandemic.
Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030
(in billion U.S. dollars)
Characteristic
Market size in billion U.S. dollars
2030
108.82
2029
86.01
2028
68.08
2027
53.97
2026
42.87
2025
34.14
2024
27.26
2023
21.85
2022
17.58
2021
14.29
020406080100120
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Next Move Strategy Consulting. (September 1, 2022). Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 21, 2025, from https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/
Next Move Strategy Consulting. "Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars)." Chart. September 1, 2022. Statista. Accessed February 21, 2025. https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/
Next Move Strategy Consulting. (2022). Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 21, 2025. https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/
Next Move Strategy Consulting. "Size of The Global Travel Insurance Market in 2021, with Forecasts from 2022 to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2022, https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/
Next Move Strategy Consulting, Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/ (last visited February 21, 2025)
Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars) [Graph], Next Move Strategy Consulting, September 1, 2022. [Online]. Available: https://www.statista.com/statistics/1289810/global-travel-insurance-market-size/
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